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Macro Comment NorwayNorges Bank to hike its policy rate next week

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Domestic momentum is holding up well, and core inflation is hovering above the 2 percent target. With this backdrop, we believe Norges Bank will hike its policy rate next week and also continue to signal anoth-er rate hike during the second half of the year. However, the longer-end of the rate path may be lowered slightly, as international factors yet again weigh on the policy trajectory.

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Marius Gonsholt Hov

Senior Economist

Norway

maho60@handelsbanken.no

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